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Form N-27D-1 Filings

SEC Form N-27D-1 is a formal filing used by a depositor or principal underwriter to report the accounting of a segregated trust account maintained under Rule 27d-1 of the Investment Company Act of 1940. It is used to show balances, deposits, withdrawals, and required minimum amounts maintained for refund obligations.

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What Is SEC Form N-27D-1?

SEC Form N-27D-1 is an accounting report required under Rule 27d-1. It is filed by each depositor or principal underwriter to report activity in a segregated trust account maintained for

periodic payment plan certificate refund obligations.

This form is typically filed to show beginning balances, deposits, withdrawals, and minimum reserve amounts for the reporting period. It helps the SEC monitor whether sufficient funds are maintained under the rule. See Recent filings submitted to the SEC for related filing activity.

Form N-27D-1 ensures transparency by documenting the status of the segregated trust account and compliance with reserve requirements. It is a reporting form, not a registration statement or a deregistration filing.

Key elements typically found in SEC Form N-27D-1 include:

  • Name of the depositor or principal underwriter and IRS employer identification number
  • Address of the depositor or principal underwriter
  • Names of registered investment companies for which the segregated trust account is maintained
  • Balance at the beginning and end of the period
  • Deposits, interest income, gains or losses, and unrealized appreciation or depreciation
  • Withdrawals and minimum amounts required to be maintained under Rule 27d-1

SEC Form N-27D-1 Filing Deadlines

SEC Form N-27D-1 has specific timing requirements that apply under Rule 27d-1. These deadlines are intended to support regulatory monitoring of reserve compliance and the status of the segregated trust account.

Filing Stage Timeline Details
Quarterly Filing During Initial Two-Year Period Within 15 days after the close of each quarter Applies during the first 2 years after the effective date of Rule 27d-1
Annual Filing Thereafter On or before January 31 of the following calendar year Filed annually after the initial two-year period
Form N-27D-1 Filing As required Filed with the SEC as the accounting of the segregated trust account
Amendment or Additional Submission As needed May be filed if an amended submission is required on Form N-27D-1/A

Key Things to Know About Form N-27D-1 Filing Rules

  • Filed by Depositor or Principal Underwriter: Form N-27D-1 is filed by each depositor or principal underwriter subject to the reporting requirement under Rule 27d-1.
  • Used for Segregated Trust Account Reporting: The form reports balances, deposits, withdrawals, and required minimum amounts maintained for refund-related reserve obligations.
  • Different Timing Rules Apply: The form was required quarterly during the first 2 years after the rule’s effective date and thereafter on an annual basis by January 31.
  • Combined Accounts Require Separate Detail: If one combined segregated trust account is used for multiple registered investment companies, separate information must be shown for each company as required by the instructions.
  • Signature Requirement Applies: The form must be signed by the chief executive officer or chief financial officer of the depositor or principal underwriter

Our platform tracks Form N‑1A, Form N‑2, N‑23C3B, N‑27D‑1, N‑18F‑1, Form N‑CSR, N‑CEN, and N‑PORT for registrations, amendments, redemptions, repurchases, annuity distribution reports, shareholder reports, census data, and portfolio holdings.

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